HJRES 55
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Financial Crimes Enforcement Network relating to "Anti-Money Laundering Regulations for Residential Real Estate Transfers".
Summary
This joint resolution nullifies the final rule issued by the Financial Crimes Enforcement Network (FinCEN) titled Anti-Money Laundering Regulations for Residential Real Estate Transfers and published on August 29, 2024. This rule requires persons involved in real estate closings and settlements to report to FinCEN any non-financed (i.e., cash) transfers of residential property to certain legal entities and trusts.
Bill status
- Status
- In committee
- Sponsor
- Rep. Andrew S. Clyde [R-GA-9]
- Cosponsors
- 1
- Policy area
- Finance and Financial Sector
- Introduced
- 2025-02-12
- Latest action
- 2025-02-12: Referred to the House Committee on Financial Services.
Committee referrals
Recent actions
- 2025-02-12: Referred to the House Committee on Financial Services.
- 2025-02-12: Introduced in House
- 2025-02-12: Introduced in House